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Vietnam earns $19 bn from textile exports in H1 2021

Aug 04, 2021
Vietnam earns $19 bn from textile exports in H1 2021

Hanoi

As per the data, the turnover from the textile exports in Vietnam has hit around $19 billion in the first six months of 2021. This turnover is 20% up from the last year’s data. 

According to Le Tien Truong, Chairman, Vietnam National Textile and Garment Group, the businesses are highly affected due to the severe impact of the fourth wave of Covid-19. According to Vu Duc Giang, Chairman, Vietnam Textile and Apparel Association, the country is set to earn $39 billion from garment and textile exports in 2021.

It is suggested that the businesses should proactively seek sources of raw materials for domestic production in order to meet their targets. They should also take advantage of opportunities from new-generation free trade agreements that the country has joined. Giang also suggested that the businesses need to expand their markets through specific measures and should also promote chain based production. This will further push exports and will work for the betterment of the country.

Some representatives from other textile and garment companies suggested that the businesses should pay attention to modernising production equipment, improving workers' capacity, and expanding production. This will help businesses to meet the high quality orders and demand requirements of the importers.

Source – Vietnam Plus

Image Source: Wikipedia

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